|
Bitcoin leans on its current support -Analysis-13-05-2025
The bitcoin price (BTCUSD) rose slightly in its recent intraday trading, affected by the stability of the current support at $102,000, providing it positive support to settle after it attempted to gather its previous gains and gaining positive momentum that might assist it to keep the main bullish trend on the short-term basis within its trading alongside a bias line.
This comes amid the continuation of the dynamic support that is represented by its trading above its EMA50, with the beginning of positive overlapping signals appearance on the (RSI), after reaching oversold level, exaggeratedly compared by the price movement, which suggests the beginning of forming a positive divergence, that will increase the positive momentum.
Evening update for bitcoin -12-05-2025
The bitcoin price declined in its intraday trading, amid its attempts to gain a positive momentum that might assist it in rising again, with continuous pressure by the emergence of the negative signals on the (RSI), amid the dominance of the main bullish trend on the short-term basis and its trading with a bias line.
MoreEvening update for crude oil -12-05-2025
The crude oil price declined in its intraday trading, gathering the gains of its last rises, and attempting to offload its clear overbought conditions on the (RSI), gathering its positive strength that might assist it to recover and rise again, especially with the emergence of the negative signals from there, amid dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line.
MoreEvening update for gold -12-05-2025
The gold price returned to decline in its intraday trading, affected by breaking a main bullish bias on a short-term basis, with the emergence of the negative signals on the (RSI), with continuous negative pressure due to its trading below EMA50, forming extra negative pressure.
More